Hillary Clinton Drops A Bomb On The Kochs By Vowing To Take Away Big Oil’s Taxpayer Subsidies

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Hillary Clinton vowed to take away big oil’s subsidies and use the money for clean energy while campaigning in Iowa.

During a speech in Des Moines, Iowa, Clinton laid out her vision for combating climate change by encouraging clean energy technology.

In the process, she dropped a bomb on the Koch brothers:

We will make America the world’s clean energy superpower.

We will develop and deploy the clean energy technologies of the future. Transform our grid to give Americans more control over the energy they produce and consume. And yes, I will defend President Obama’s Clean Power Plant—Clean Power Plan against attacks from Republicans and their corporate backers.

We’ll launch a Clean Energy Challenge that supports and partners with states, cities, and rural communities that are ready to lead on clean energy.

We’ll stop the giveaways to big oil companies and extend, instead, tax incentives for clean energy, while making them more cost-effective for both taxpayers and producers.

We’ll support—and improve—the Renewable Fuel Standard that has been such a success for Iowa and much of rural America.

[[AD2]]
The Koch brothers are fossil fuel barons who have spent almost $80 million funding climate change deniers. What Hillary Clinton is proposing is that the federal government take the $4.8 billion in subsidies that are currently given to big oil and create clean energy tax incentives.

Clinton’s proposal is exactly what the Koch Brothers fear the most. Fossil fuel industries are extremely profitable. They don’t need federal subsidies. Federal subsidies should be used to develop clean energy sources for the future. Republicans and their big oil masters frame the energy issue as an either/or choice between fossil fuels and clean alternatives. Hillary Clinton is offering a forward-thinking energy future that will be better for the planet and consumers.

Progress is inevitable, and not even the vast Koch wealth can hold off America’s clean energy future forever.

43 Replies to “Hillary Clinton Drops A Bomb On The Kochs By Vowing To Take Away Big Oil’s Taxpayer Subsidies”

  1. After what Kasich has done to gut Ohio’s green tech, I almost wish he’d win the nomination just to see him sputter and lie in a debate with Clinton. Go Hillary!!

  2. Well, that Iowa remark seems to be just floating out there connected to nothing.

    Miss something here? Hmmmmmm. I know.

    Since there is no mention of her released GREEN plan, you know…. the video, the fact sheets etc for “step one” ie her outline of her massive green plan she released yesterday.

    I will just link to it here. The details and the rest of her plan, (just like with her massive all encompassing economic plan) will follow over the month with specifics to how she will get it done.

    https://www.hillaryclinton.com/the-four-fights/economy-of-tomorrow/climate/

  3. Bwah ha ha ha ha!

    I’ll believe it when I see it. The Clintons never met a big-money corporate interest that they did not bow before.

  4. And for all the “Keystone” whiners who didn’t hear her the other times she said it, here it is again.

    “No other presidential candidate was secretary of state when this process started, and I put together a very thorough deliberative evidence-based process to evaluate the environmental impact and other considerations of Keystone,” Clinton said.

    “As such, I know there is a very careful evaluation continuing and that the final decision is pending to be made by Secretary Kerry and President Obama. Very simply, the evaluation determines whether this pipeline is in our nation’s interest and I’m confident that the pipeline impacts on global greenhouse gas emissions will be a major factor in that decisions, as the president has said. So I will refrain from commenting because I had a leading role in getting that process started and I think we have to let it run its course,” she said.

    She played a role in initial fact finding and policy on TPP, Keystone, Cuba, Iran, Gitmo…..

  5. Common sense for the the future and for and our economy. Sounds like a winning idea. If only rethugs could lay claim to anything to do with common sense. Go Hillary!

  6. Sen. Clinton some of us are not stupid. Now you know since the budget and tax policy are written by congress you have no power to just take away oil subsidies. Now if you say you will veto any budget that contains such subsidies then you will have something to say. Other that that don’t play us for fools. Its enough of that going around

  7. The whole point behind the Keystone pipeline- is not to benefit the U.S.

    It is designed to ship Canadian Tar-Sands oil to be exported, eventually, to places like China.

    The construction of the pipeline has been documented endlessly as being prone to fail, a.k.a. spilling it’s contents.

    And as we’ve seen what Oil does to the Gulf of Mexico, we don’t need a endless number of repeats of same to our fresh water aquifer.

    I’m going to go out on a limb and state that we will not be giving a go ahead to the pipeline.

  8. I’m telling you…Hillary Clinton really has the power and guts!
    Along with her right-hand-Man, former President…we could accomplish tremendous breakthroughs.

  9. No President has ever expressed how much we spend on Corporate Welfare.
    If the American People learn the facts:

    “Government Spends More on Corporate Welfare Subsidies than Social Welfare Programs”

    “About $59 Billion is spent on traditional social welfare programs.
    $92 Billion is spent on corporate subsidies. So, the government spent 50% more on corporate welfare than it did on food stamps and housing assistance in 2006”.

    http://thinkbynumbers.org/government-spending/corporate-welfare/corporate-welfare-statistics-vs-social-welfare-statistics/

  10. Some of us aren’t Republican trolls either.

    You’ve shown your cards, …bashing Bernie in faux support of HRC.

    I see dead people !

  11. You have jumped the fuking shark. I haven’t bash Sen. Sanders unless you consider asking questions and posting facts bashing. Just STFU WITH YOUR BULLSHIT

  12. Bernie… no, Hillary… no, Bernie… no, Hillary.

    This is all probably fairly amusing for the sort of people who enjoy the antics of Beavis & Butthead.

    Bottom line: the ENTIRETY of the Koch-sponsored GOP denies climate change science and evolutionary biology, while actively pursuing legislation aimed at repealing environmental protection laws. The only thing standing in their way at the federal level? Democrats.

    It really is that simple. The end:)

  13. Just wait. I’ve been a Democrat since birth. Met JFK as a baby, but still remember it. Shook hands with LBJ in ’64. Was ‘clean for Gene’ in ’68, then Bobbie.
    McGovern. Carter, before anyone asking “Jimmie Who ?”.
    Helped elect Clinton …twice.
    Helped elect Obama twice.

    ELECTED a senator, at least once.
    Well, his mother said so.

  14. Let’s hope not…

    And Easley states the oil/gas industry is very profitable. True, but only because the U.S. has made it profitable by not allowing incentives for alternate energy, perpetuating our dependency on it, lax EPA regulations, corporate welfare, tax breaks, lenient fines when spills occur and low corporate tax rates. We were fat, dumb and happy for a long time.

  15. Kranky,

    Many of us have been loyal Democrats for many years (47 for me). And I’m sure DJ is in the same category. Whether we support Hillary or Sanders, WE’RE still ON THE SAME SIDE!

  16. Could someone please give me a very good reason two brothers named Koch, who are worth Billions need subsidies any way? Time to stop all subsidies. Air lines Farming, all business that receive Gov. money in this fashion. Time to take care of the American public first.

  17. But she cant. Tax and budgets priorities belong to Congress: Article I, Section 8, Clause 1 of the United States Constitution,
    The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence[note 1] and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;

  18. Good Start: Say thank you o G7 leaders just committed to getting the global economy off fossil fuels — forever! https://secure.avaaz.org/en/paris_here_we_come/?bmXahcb&v=60188

    Close the $5.3 Trillion in global Oil Subsidies and use it make the world sustainable: http://politicususa.wpengine.com/2015/06/09/report-shows-oil-industry-benefits-5-3-trillion-subsidies-annually.html

    Make Big Oil Pay: $1.5 trillion the share of oil profits that should have gone to the governments in some of the world’s poorest countries over the last 5 years. Where has that money actually gone? We don’t know – and Big Oil wants to keep it that way. Tell the SEC: Make Big Oil publish what they pay and put an end to secret deals. http://www.oxfamamerica.org/nosecretdeals/

  19. While I agree with Hillary for the most part, I do not agree with the “renewable fuel standard” in Iowa. Using scarce water that is publicly subsidized to make fuel should be a no-no. Water and soil should grow food, not fuel. Especially now that California is off line.

  20. “1) Exxon Mobil made $19 billion in profits in 2009. Paid no taxes and got a $156 million IRS rebate
    2) Bank of America got a $1.9 billion refund last year, made $4.4 billion and got a 1 trillion dollar bailout.
    3) General Electric made $26 billion in profits over the past 5 years & got a $4.1 billion refund.
    4) Chevron got a $19 million refund & made $10 billion in profits in 2009.
    5) Boeing got a $124 million tax refund.
    6) Valero Energy — $68 billion in sales & got a $157 million refund check & $134 million tax
    break over the past 3 years.
    9) ConocoPhil¬lips — made $16 billion in profits from 2007 through 2009. Got $451 million in tax breaks.”
    Apache: Houston-based oil and gas company………..Profits: $6 billion Effective tax rate: -0.3%
    “““WE ARE BROKE ,,WE ARE BROKE,,,,, THE REPUBLICANS CRY,,,,BUT NOT BROKE ENOUGH TO COLLECT TAXES FOR REVENUE,,,,WHAT WE DON’T NEED IT OR SOMETHING??_____

  21. Big Oil has been claiming that it needs these subsidies to offset a lot of the expenses of searching for new wells. Offset the cost of the dry wells, I guess.

    But they don’t want anyone else to get subsidized–specifically, the renewable energy companies which need the subsidies for pretty much the same reasons–without bloating their profits.

    What’s fair for one is fair for the other. Subsidies for all power companies, or for none?

  22. See you bring up a great point. People rail against oil subsidies but I think they support the subsidies for wind and solar.

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